“This is a direct assault on your cash. Period. Make no mistake.”

A stunning attack in the War on Cash just altered redemption rules for $2.7 trillion in money market funds. New regulations now allow fund managers to withhold paying out your own cash to you during times of “low liquidity.”

That’s a fancy way of saying you won’t be able to withdraw your funds from money market accounts during the next financial crisis. It’s already driven a $600 billion exodus from the funds.

In today’s can’t-miss 3-Minute Market Minder, The Palm Beach Letter’s Teeka Tiwari explains the rule changes and the steps you must take to defend your cash.

Bottom line: Do not underestimate this change. Follow our recommendations to withdraw some cash from the corrupt banking system. Then look to diversify out of the system with forays into alternative assets like cryptocurrencies.

(If you’re not yet a Palm Beach Letter subscriber, Teeka recommends his favorite currency alternative right here.)